Blog
The most expensive Minneapolis/St. Paul home sales of 2023
Despite a general market slowdown, luxury homes are still selling for high prices in 2023, including a sale that was one of the biggest deals seen within the past few years. [...]
A housing market on hiatus, but for how long?
By now, we are well versed that mortgage rates recently touched their highest level since 2000 and affordability crisis has created the lowest level of demand for a mortgage since 1995 [...]
McFeely: ND’s richest person Gary Tharaldson buys $11 million home on Detroit Lake
Fargo billionaire calls home built by late Fargo businessman Ace Brandt ‘one of a kind’ property DETROIT LAKES, Minn. — Gary Tharaldson and his wife Connie weren’t looking for a lake home on Big Detroit [...]
Newly built Edina estate lists for $5 million
Built by Medina-based Allied Partners, the five-bedroom, eight-bathroom home is “modern (and) distinctive yet tasteful and approachable,” said listing agent Peter Prudden, of Minneapolis-based Prudden Co. Read more on Minneapolis/St. Paul Business Journal [...]
‘One of the finest lakefront estates in all of Minnesota’ listed for $11M
A lavish home on Detroit Lake billed as “one of the finest lakefront estates in all of Minnesota” is on the market for nearly $11 million. Eight-bedroom, eight-bathroom residence on nearly 15-acres of land features [...]
Rehkamp Larson Architects Reimagines a Posh Minneapolis Condo
Overlooking the Minneapolis Sculpture Garden is a loft-like condo that feels like a piece of art in itself. But before its bright and inspired makeover, the dwelling was dark and dated, wrapped in maple paneling and embedded with cigar [...]
Has The Housing Correction Concluded?
What a strange and wild ride it has been over the previous 12 months. We have seen interest rates lift off from record lows to levels not seen since the previous housing boom and bust. [...]
Sign of the Times
As autumn is upon us, it’s common knowledge that housing has started to take it on the chin as the Fed hits the brakes hard and fixed mortgage rates have surged to over 6.7%. Home [...]
Are The Tides Turning
The current business cycle has been fueled by zero percent interest rates and 7 trillion dollars in quantitative easing. Typically, when the Federal Reserve begins a rate hiking cycle it’s 25 basis points at a [...]
Top 4 Home Improvements Under $40,000
Preparing your home for market has never been more important than now. New construction and the increase in remodeled properties with flashy finishes and designer fixtures are making the decision easy for eager buyers wanting [...]
A Look Back at 2021 & Advice for 2022
We started our firm four years ago with an idea to transform how residential real estate is marketed in the Twin Cities. At the time, we called it, “Disrupting real estate with integrity.” This tag [...]
301 Kenwood #101 Featured in Star Tribune
Luxe $1.8 million condo steps from the Walker offers sweeping Minneapolis views. See article here. [...]
Taper Talk, What Happens to Housing?
Earlier this year, I spoke about the spring switch, which touched upon consumer confidence and the fear of missing out. With rates hitting an all-time low on the 30-year mortgage in January, we saw a [...]
Minnesota’s Priciest Listing Is This $15 Million Private Island
This wild mansion located on a private island in Minnesota comes with an especially unique amenity: unlimited underground car washes. A one-of-a-kind home fit for a mysterious international spy is located on Lake Minnetonka, and [...]
This $15M Private Island “Spy” Lair Features’ Underground Car Wash Tunnel Entry.
This wild mansion located on a private island in Minnesota comes with an especially unique amenity: unlimited underground car washes. A one-of-a-kind home fit for a mysterious international spy is located on Lake Minnetonka, and [...]
With price tags in the millions, Minneapolis tower’s condos are hot commodity
The developers of the 42-story Eleven on the River condo tower in downtown Minneapolis recently gathered to celebrate topping off what is now the tallest — and one of the most expensive — residential buildings [...]
You Had Me at Merlot
Welcome to (almost) spring everyone! The energy on the streets and in the air is indisputable. People are ready for living life again and we are almost there. A lot of surprising trends have emerged [...]
What’s Happening in the Housing Market
What a strange and interesting journey it has been over the previous 12 months. We have been exposed to a pandemic and through that stress test, it has shifted how we live, work, and function. [...]
2020 Market Review
There were numerous cross-currents that played out in the real estate sector nationwide during 2020 that led to a single conclusion, activity. We were hit with a pandemic in the spring, which historically kicks off [...]
How to Prepare Your Home for the Market
Top Spaces Sellers Overlook When Preparing Their Home for Market Getting your home ready for market has never been easier than with our Prudden Concierge service. Preparing your home for market may sound daunting, but [...]
Holiday Wine Pairing
Here we are, the end of 2020, and I hope there have been many positive takeaways from this odd year. My takeaways do not come in the form of how to clean my door knobs [...]
Home for the Holidays – 2020
If I’ve learned anything from this year it has been to treasure the little things in life – a phone call with a family member, mailing a hand-written note, or baking something you’ve never made [...]
Time is Ticking
Last week, Pfizer announced positive results on its pursuit of providing a Covid-19 vaccine, with 90% effectiveness, and this week, Moderna followed suit on its trial vaccine with 94% efficacy. With the government on the [...]
Coming Out of a Crisis
As we witnessed financial markets cascade into the most significant correction since the Great Recession, nearly 30 Million Americans finding themselves out of work, and the economy locked down, we decided to pause our marketing. [...]
Real Money, Real Time
Good Morning, I have not yet used this platform to pen a personal opinion, but times are changing, and the environment in-which our firm operates (real estate) is evolving. Over the previous two weeks the [...]